US Inflation Cools in May, Boosting Hopes of Fed Rate Cut
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#f9660aca ver:1.07

US inflation cools in May, with consumer prices remaining unchanged. Goods prices fell, while services costs rose. This softer pace of underlying prices boosts hopes of a potential 'soft landing' and a Fed rate cut in September. Lower interest rates would have a positive impact on borrowing rates for consumers and businesses. Incomes have outrun inflation for the 17th month in a row, with disposable income and consumer spending rising. The Fed's preferred inflation gauge, the PCE price index, also showed easing inflation in May. #inflation #economy #Fed #interestrates...

#newstr #UsInflation #FederalReserve #InterestRates #PcePriceIndex #ConsumerSpending #PersonalIncome #Wages 

 https://here.news/story/f9660aca?ver=1.07